Union Budget 2013: India bond yields rise after finmin proposes higher expenditure for FY14

Source : REUTERS
Last Updated: Thu, Feb 28, 2013 06:29 hrs
Gujarat: First phase of voting begins

Indian federal bond yields rose on Thursday after Finance Minister P. Chidambaram proposed a higher total expenditure in the budget for the fiscal year starting April.

At 0557 GMT, the 10-year yield was up 3 basis points at 7.82 percent from levels before the speech started.

The government has proposed a total expenditure of 16.65 trillion rupees for FY14, a rise of 16 percent over the revised estimates for the current fiscal year.

More from Sify: